Intangible assets, net

12 Months Ended

Mar. 31, 2023

Finite-Lived Intangible Assets, Net [Abstract]

Intangible assets, net

16.Intangible assets, net

	As of March 31,
	2022			2023
	RMB			RMB
	(in millions)
User base and customer relationships		47,941			48,155
Trade names, trademarks and domain names		39,080			39,301
Non-compete agreements		14,436			12,636
Developed technology and patents		7,088			6,639
Licensed copyrights (Note 2(x)) and others		8,384			8,893
		116,929			115,624
Less: accumulated amortization and impairment		(57,698	)		(68,711	)
Net book value		59,231			46,913

During the years ended March 31, 2021, 2022 and 2023, the Company acquired intangible assets amounting to RMB20,750 million, RMB1,000 million and RMB285 million, respectively, in connection with business combinations, which were measured at fair value upon acquisition. Details of intangible assets acquired in connection with business combinations are included in Note 4.

The estimated aggregate amortization expenses for each of the five succeeding fiscal years and thereafter are as follows:

	Amounts
	RMB
	(in millions)
For the year ending March 31,
2024		12,530
2025		8,086
2026		4,935
2027		4,645
2028		4,256
Thereafter		12,461
		46,913